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nondeductible

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non·de·duct·i·ble  (nnd-dkt-bl)
adj.
Not deductible, especially for income-tax purposes.
ThesaurusLegend:  Synonyms Related Words Antonyms
Adj.1.nondeductible - not allowable as a deduction
deductible - acceptable as a deduction (especially as a tax deduction)
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Those not eligible can still make a nondeductible contribution in 2009.
Roth IRA conversions in 2010 by Aponte, Stephen / The Tax Adviser
You have to pay taxes on the entire amount you convert (except for any nondeductible contributions) no matter when you make the switch, so the lower your account value, the smaller your tax bill.
Convert Now to a Roth IRA? by Kimberly Lankford, Contributing Editor, Kiplinger's Personal Finance / Kiplinger.com
In response to a subsequent IRS argument that the equestrian activities were nondeductible personal expenses, the court also agreed with Topping that her expenses associated with the equestrian-related portion of the business were ordinary, necessary and reasonable in amount as a cost of supporting and building up the interior design business.
Horses, houses and a profit motive by Thompson, Steven C. / Journal of Accountancy
 
 
 
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